11 retailers at risk of bankruptcy in 2023

From Joann and Rite Aid to Petco and The Container Store, here’s who’s most at risk in the next 12 months.

By Cara Salpini • Oct. 2, 2023

Lululemon enacts layoffs amid Peloton partnership

Approximately 120 Lululemon Studio employees are impacted following the brand's announcement that it will stop selling its Mirror device.

By Dani James • Sept. 29, 2023

Explore the Trendline➔

Gen Z and millennials

If there's anything retailers want more than financial stability right now, it's to understand Gen Z. 

By Retail Dive staff

The Weekly Closeout: Lee launches unisex collection and Barbie fever hits Wrangler

The genderless line was created with Chinese streetwear brand Roaringwild. Meanwhile, the blockbuster movie inspired a 40-piece collection.

By Retail Dive Staff • Sept. 29, 2023

Shopify invests in wholesale marketplace Faire

Through the partnership, Faire will become Shopify’s recommended wholesale provider.

By Howard Ruben • Sept. 29, 2023

Amazon expanding program in which items ship without added packaging

The company can help sellers redesign products' packaging so they can be delivered to customers in their own branded container only.

By Max Garland • Sept. 29, 2023

GameStop names Ryan Cohen CEO

The move places the manager of the video game retailer's largest shareholder in charge of the company.

By Nate Delesline III • Sept. 28, 2023

Showfields closes New York store in Manhattan

The retailer closed its Miami location in July and will focus on its stores still open in Brooklyn and Washington, D.C. 

By Dani James • Sept. 28, 2023

Sycamore to buy Chico’s for $1B

The agreement strikes a deal that eluded the private equity firm four years ago, despite repeated attempts then to acquire the women’s apparel retailer.

By Daphne Howland • Sept. 28, 2023

Lululemon to discontinue Mirror as it teams up with Peloton

Peloton will be Lululemon’s digital fitness content provider, and co-branded apparel began selling through Peloton in select locations in October.

By Dani James • Sept. 28, 2023

Kohl’s appoints former Tuesday Morning CEO as director of stores

Fred Hand, who was also the previous COO of Burlington, will oversee the retailer’s more than 1,100 stores. 

By Tatiana Walk-Morris • Sept. 28, 2023

Square adds merchant tools

Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.

By Caitlin Mullen • Sept. 28, 2023

‘Shock and dismay’: Bankrupt Mitchell Gold has thousands of furniture shipments stuck in logistics limbo

Ryder and other providers are storing millions of dollars worth of products in warehouses as they await payment from a company that is out of cash.

By Ben Unglesbee • Sept. 28, 2023

Target to close 9 stores over theft, safety concerns

Stores in major cities like San Francisco, New York and Seattle are slated to shutter as a result of “unsustainable business performance.”

By Nate Delesline III • Sept. 27, 2023

Retail shrink, theft changed little in 2022

But more retailers are concerned about escalating violence in stores, which experts say carries other costs beyond shrink.

By Daphne Howland • Sept. 27, 2023

Peloton co-founder, chief product officer to step down

Tom Cortese will be replaced in November by Nick Caldwell, who has over 20 years of experience working at various technology companies. 

By Dani James • Sept. 27, 2023

As US consumers slow down, Walmart is muscling out its competition

The retail giant is embracing strategies previously mastered by Target, Amazon and others, and that’s paying off, various analysts report.

By Daphne Howland • Sept. 27, 2023

FTC, 17 states sue Amazon for ‘exploiting its monopoly power’

The e-commerce giant defended the practices outlined in the lawsuit, saying they “spur competition and innovation across the retail industry.”

By Daphne Howland • Sept. 26, 2023

UrbanStems hires new chief executive officer

The online floral company has tapped Ana Mollinedo Mims for the position, succeeding Seth Goldman who has served as CEO since 2018.

By Dani James • Sept. 26, 2023

Dick’s to shutter 11 Moosejaw stores amid integration with Public Lands

Three Moosejaw locations will remain open, while the rest — and the outdoor retailer’s headquarters — are scheduled to close by February.

By Cara Salpini • Sept. 26, 2023

Shoe Carnival CFO exits after 5 months

Patrick Edwards was named the company's new chief financial officer — the third person to serve in the role this year.

By Nate Delesline III • Sept. 26, 2023

Rent the Runway secures new UPS deal to reduce transportation costs

Through the agreement reached last month, UPS will handle most of the online apparel rental company’s shipping needs.

By Max Garland • Sept. 26, 2023

Peloton names SVP of apparel, accessories

A few months after the fitness brand launched a rebrand, Cédric Fletcher joins the company with experience from Nike and Under Armour.

By Dani James • Sept. 25, 2023

Rite Aid could close hundreds of stores in possible bankruptcy: WSJ

The drugstore retailer is in negotiations with creditors over a plan that could see nearly a quarter of its stores shutter, The Wall Street Journal reported.

By Nate Delesline III • Sept. 25, 2023

J.C. Penney Q2 sales, profits slide

Still, margins expanded, inventory is down, store traffic is up and the department store remains in the black.

By Daphne Howland • Sept. 25, 2023

Applications open for Macy’s vendor diversity accelerator

Established in 2011, the retailer is set to welcome its next cohort of underrepresented business owners in May.

By Nate Delesline III • Sept. 25, 2023